European car sales slump


Slowdown: Employees working on a production line at the plant of MCA Renault in northern France. Deliveries of new passenger cars slid 7.4 in the European Union and European Free Trade Association in October from a year earlier, compounding a 23 drop during September, according to the European Automobile Manufacturers Association. — AFP

MUNICH: European carmakers had another difficult month in October with car registrations slumping once more, putting to the test a fourth quarter bounce-back projected by Volkswagen AG and Daimler AG.

Deliveries of new passenger cars slid 7.4% in the European Union and European Free Trade Association in October from a year earlier, compounding a 23% drop during September, according to the European Automobile Manufacturers Association.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , Europe , sales , slump , Auto , car ,

   

Next In Business News

Industrial projects look increasingly attractive
Dutch Lady’s balancing act amid escalating costs
Demand for co-working space remains resilient
Fed dampens hopes for rate cut
F&N to use cost management measures
Changing office space requirements
Naza makes entry into green economy
CapBay aims to provide financing to more SMEs
New initiative for infrastructure needs in Perak
Ocean Fresh seeks ACE Market listing

Others Also Read